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The New Daily
The New Daily
Business
Derek Rose

FORGOTTEN HISTORY: Australian share market plunges again hitting four month low - Caught on Camera

The energy sector lost more than three per cent and financials dropped by more than two per cent. Photo: AAP

The local share market has fallen sharply again, hitting a four-month low after the bank crisis spread to Europe, with fears about the solvency of Swiss banking giant Credit Suisse.

At 11.15am AEDT on Thursday, the benchmark S&P/ASX200 index was down 126.6 point, or 1.79 per cent, to 6942.3, its lowest level since early November.

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